Track record

The BorWin3 platform in the North Sea

We’ve been helping our clients unlock the value of their resources, both onshore and offshore, for 38 years. Over this period, we’ve successfully delivered or are delivering more than US$50 billion of projects.

In 2018 we:

  • Demonstrated our track record for operational delivery with more than 233 million man-hours worked across the portfolio
  • Brought several projects close to completion, including the Jazan tank farms and Fadhili sulphur recovery plant in Saudi Arabia and the Refinery and Petrochemicals Integrated Development (RAPID) project in Malaysia
  • Commissioned the Alrar and Reggane gas plants in Algeria, while three major projects in Kuwait - the Lower Fars Heavy Oil, Manifold Group Trunkline and KNPC Clean Fuels projects – entered pre-commissioning or phased hand-over
  • Achieved a major milestone on the Upper Zakum Field Development in Abu Dhabi, with the oil facility ready for start up
  • Successfully installed the 18,000 tonne HVDC topside of the BorWin3 Offshore grid connection project in the North Sea, following construction in Dubai Drydocks
  • Managed and ensured the integrity of a total of 19 operating assets as we won several extensions to contracts with clients in our EPS division

Operational excellence was a central theme during 2018, as we continued to focus on the execution of a busy project portfolio. Our strong client relationships, cost-competitive delivery model and proven track record provide a solid foundation for growth, and I look forward to continuing to deliver on our strategy for our stakeholders.

 

Ayman Asfari, Group Chief Executive

Ayman Asfari

Market outlook

Long-term market fundamentals remain robust

Key performance indicators (KPIs)

We monitor and assess our performance by using stretching targets that help us deliver value